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Article: Fleet & Executive Cars: The fleet car market sales again
- Article from:
- The Independent (London, England)
- Article date:
- June 18, 1996
- Author:
CopyrightCopyright 1996 The Independent - London. Provided by ProQuest LLC. (Hide copyright information)
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It was a Labour government that established the company car as
a major force in new car sales and a significant aspect of employee
remuneration feature. If the signs are accurate, it will be a
Labour government that will attempt to curtail the phenomenon -
against the massed will of most of British business, the entire
motor industry and about five million car drivers and their
families.
When wage restraint in the early 1970s prevented employers from
increasing staff rewards properly, the concept of the company car
as a perk, rather than merely working tool, was born. Today,
company cars account for up to 60 per cent of all new cars sold in
the UK and the associated business they generate ...